St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-16
The COMMERCIAL RECORD.
Trading OF the Chicago Board Was Bet
fer Yesterday Than the Mon
day Dealings.
Apparently the Host Satisfactory Feat
ure VS. the Rush Of Out
side Orders.
Transactions in the Financial Circles
OF Wall Street.-The Gen
er&l Quotations.
Special to the G!oh.

last night and opened shade on. nut recoN-
cred Immediately. and 3 sharp advance 10
437sc for December and 47s4G477se for May
followed. There was coed general buying.
and on the bulge heavy realizing by Philips,
Bloom and other local operators, who have
been working the long side of the deal. Mar
ket reacted Lc and at 1880 acted tired.
Wheat had q firm opening, and during the
first half hour advanced from 131Sc Tor De
cember and from 1850 soc for May. Trade
was light. but the market was firm ana strong
on better cables on the bulgy corn market
and on inquiry from shorts Provisions were
strong around the opening. Pork advanced
1C6I2Iac. lard &c and ribs 5@1I2c. January
pork rolled UP TO SI3-25 and January lard
ard ribs 10 S5.67I2. These prices We're not
sustained. however. Corn was irregulaIly
and nervously strong. but wheat developed
an undertone Of strength that sustained the
market after corn began 10 drop. IDs the
Northwest there Is q free movement
of wheat from country elevators 10
more forward points Of accumulation,
but farmers deliveries are falling
off. Gables are very strong. and English and
continental buyers Gccep; daily offers with
out haggling Every morning brings accept
ances OF bids and orders for purchases ahead
OF the market This morning Wall street and
the Northwest were in the market literally,
and on the bull side. There Is at this writing
very small long interest. and the outside i
beginning 10 Is-en with kindly attention to
the arguments OF the bulls. who are discours-
ing on the exceeding cheapneSs Of soc wheat
at current prices. There has been q boom in
stocks in corn and in provisions. Wheat
until lately has been neglected. Strong
parties are enlisted on the long side of the
market on account of the intrinsic cheapnesS
of the goods. Wheat has been selling below
the cost Of production for three years Ex-
porters have been buying quietly and heavily
here and in New York for foreign account
for the past three weeks. English stocks are
decreasing and Russian offerings have ceased
entirely. Grain men say unhesitatingly that
the situation i strong. Locally the
price q December rose to 14ssc to-
day and Nav TO S0l2c. The
market seemed strong at the advance
and on every reaction there was large buying
The close was not at an important improve
ment from yesterday. but the feeling was one
of confidence. During the whole of the fore
noon there was heavy realizing of long
corn. Receipts for tomorrow are light, how
ever, only 10 cars, and the tone was one of
decided strength in spite of the liquidation.
The market took the load better than any
one expected. and closed. firm with nearby
futures the strongest. Toward the end of the
principal session trade fell off, and interest
turned TO wheat 10 some extent
Receipts of live hogs at packing points
continue 10 be heavy, but the speculative bull
spirit has not exhausted itself Prices ad-
vanced sharply at the opening, as previously
stated. but the tendency later was toward
lower range. The 10 o'clock quotations were
about the same as those ruling Yesterday
Trading was of moderate volume.
The weather throughout the West is excep-
tionally favorable for q free movement of
hogs. Receipts here to-day were $4,000
head, with estimate for tomorrow fully as
large. Kansas City is getting IL, 900 10 90
000 hogs day, and other points in proper
ton.
THE ROUTINE REPORT.
CHICAGO, Nov. l5.-TTading on change to-
day was even better than yesterday, and the
prices of wheat. corn and provisions ranged
higher. The most satisfactory feature of the
revival of trade was the rush of outside
orders. The chief interest centered in corn
and wheat; provisions, however. were not
neglected The wheat market to-day showed
independence, and was not affected so much
by the fluctuations in corn. Large export
clearanceS and stronger cables did much 10
strengthen the situation Buying was very
general during the morning hours, but fell
off little toward the close. Now that prices
have passed tic for December and soc for
May, operators look with confidence on
future prices. The market opened about the
same as Yesterdays closing. became firm and
and 1c for May, then eased off
I2c and closed about Isc higher
than yesterday. with May at Solec
and December 7Il2c. Corn. like everything
n rla 4
suffered q slight reaction before the close
After the best prices of the morning were
reached. number of leading local houses
were liberal sellers and the market weak
ened. The outside orders were quite a
feature in the pit. but they did not share in
the realizing tactics before the close. The
cables were strong and the speculative de
mand for cash stuff good, although less
urgent. May corn opened at 47l2c. sold up
TO 4Sc. declined TO 47$Sc owing 10 realizing
by local operators reacted and closed al Use
Receipts were light and estimate for to
morrow small. Oats were quite firm and No
yember delivery ruled about Iic higher
There was some inquiry from shorts. and
there was an absence Of offerings. Other de
liveries were quiet and steady al about
Yesterdays prices. Provisions were quite ac-
tive but the feeling was somewhat unsettled
and prices fuctuated frequently. and aver
aged higher. Receipts of hogs were large at
packing points. but there was little change
TO note in prices Corn had some influence
on the provision market. Prices were higher
early in the day but the offerings were mod
eTateiy free during the latter part of the ses-
sion, and the advance was not supported to
the close. January. February and MAY de
Gveries commanded the most attention. The
receipts of products were fair and shipments
liberal. January pork sold at 81 3. 1U6 g -
and closed at S13. 12ls(d l3. 10. January
lard ranged between S6.62I9Gi 67I2 and
closed at SIS %. January short lbs sold at
S660Q6.12l2 and closed at $3.50.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. November opening al 1314c.
closing at 1859; December. 1859. closing at
94I2c; January, 1850, closing at 74Tsc: Nav.
1850, closing at s0i2c. Corn-No. .. No
Yember opening at 44c, closing at 44I2c: De
cember, 43$sc, closing at 44c; January.
43l2c, closing at 44c: May, 47I2c closing al
Use. Oats-No. . November opening a 26ssc,
closing at 26I2c: December opening al 26Itc.
closing al 26l4c; May, Boise. closing at 3oIsc.
Mess Pork.Per Dbl, January opening at
S13. 1919, closing at Sl3.12lS; February.
$3.50. closing at S13 25: May. S13.65. clos,
ing at Sl362l2. Lard-Per 100 lbs. November
opening at S6.31l2. closing at $500: Decem-
Der, S6.51l2, closing at $3.50: January,
S6.62I2. closing at $500; May. Sc 92Ia. clos
opened at S6.65, closing at $500;
February, 1913, closing at ST. 30.
Cash quotations were as follows: Flour
ruled quiet. prices steady without important
tldllSe. demand Only moderate. VI neat-NO.
=, spring, 1850 73l2c; No. 3, spring 65c:
No. red. 74ls@74I4c COrn-No. y, 44I2c.
Oats-No. ., 26l2c. Rye-No. .. 52I2c. Bar
ley-NO. 2. 76@77c. Flaxseed-No l.
Sl.1Tl2@1. l7s4; prime timothy seed, s.. 30G
2.31. Mess pork per Dbl. S13@I3. 25: lard.
per 100 lbs, $500; short rib sides 0oose1
S6.5O@660; dry sailed shoulders (boxed).
S5.40@5. 40: short clear sides Cboxed) ST. 90
@6.95. Whisky-Distillers finished goods.
per gallon, S1.1O. Sugars-Cut loaf. 7146
TLoc. Pranulntpd 70. Standard s,A f;5cc
Receipts-Flour, $1,000 bbls; wheat. IO5.-
600 bu; corn, 141. 900 bu; oats. l26. 600 bu
rye, 5000 bu; barley, 1O7, 900 bu. Ship,
ments-Flour, 1900 bbls; wheat. 1000
bu: corn, %. 600 bu: oats, las. 900 bu: rye.
1000 bu; barley, 50, 600 bu On the produce
exchange to-day the butter market was firm
at 224@2Sc for creamery; 24c for dairy
Eggs firm at 2O@21c.
Chicago Daily Market Quotations.